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but let's get back to the economy, it was governor romney who talked about what he would do to create jobs. he's the one who put forward specifics about his plan. one thing that know one has talked about today is that his five-point plan includes increasing trade with central and south america. trade in our hemisphere, which is absolutely essential for us and easier and will build up central and south america so that it has more stable economies. >> one thing that came up last night was about mitt romney's plan to add 12 million jobs, but the economic forecast that's been projected by the cbo already says that 12 million jobs are going to be added over the next four years because of the current path we are on economically. so senators, i want to get you on the record about what came up about obama care last night and the arguments that were made back and forth on that front. who made the better argument about where we stand and what we need as a nation health care wise? >> we saw mr. romney as an etch-a-sketch. when he was running in the republican primary he moved to the right. yeste
but let's get back to the economy, it was governor romney who talked about what he would do to create jobs. he's the one who put forward specifics about his plan. one thing that know one has talked about today is that his five-point plan includes increasing trade with central and south america. trade in our hemisphere, which is absolutely essential for us and easier and will build up central and south america so that it has more stable economies. >> one thing that came up last night was...
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every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have ever seen. 122 community and small banks have closed since dodd-frank. there is one example. >> you want to repeal dodd-frank? >> repeal and replace it. we're not getting rid of all regulation. there are some parts of dodd-frank that make all the sense in the world. you need transparency, you need to have leverage limits for -- >> here is the specific -- >> excuse me. >> let's talk about the big one. >> no, let's not. let's let him respond, let's let him respond to dodd frank and what the governor said. >> i think this is a great example, the reason
every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have...
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they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself i'll call it the economy tax. it has been crushing. at the same time gasoline prices have doubled under the president, electric rates are up food prices are up health care costs have gone up by $2,500 a family. middle income families are being crushed. and the question is how to get them going again, and i described it energy trade, the right kind of training programs balancing our budget, and helping small business. but the president mentioned a couple of other ideas. first education. i agree. education is key. but our training programs right now, we have 47 of them housed in the federal government reporting to eight different agencies, we have got to get those dollars back to the states and go to the workers so they can create their own pathways to get in the trainin
they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself i'll call it the economy tax. it has been crushing. at the same time gasoline prices have doubled under the president, electric rates are up food prices are up health care costs have gone up by $2,500 a family. middle income families are...
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first, economy. 3%. and second, health care, 0%. third, taxes 18 and fourth,
first, economy. 3%. and second, health care, 0%. third, taxes 18 and fourth,
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. helps him deposit his checks. jay also like it when mother nature helps him wash his car. mother nature's cool like that. mobile check deposit. easier banking. standard at citibank. mobile check deposit. easier banking. and get 3 years interest-free financing on tempur-pedic. but hurry, sleep train's inventory clearance sale ends columbus day. ♪ your ticket to a better night's sleep ♪ okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up -- the gutters. citibank popmoney. easier banking. standard at citibank. >>> look. i got five boys. i'm used to people saying something that is not always true but keep repeating it and hoping i'll believe it but that is not the case. i will not reduce the taxes paid b
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. helps him deposit his checks. jay also like it when mother nature helps him wash his car. mother nature's cool like that. mobile check deposit. easier banking. standard at citibank. mobile check deposit. easier banking. and get 3 years...
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Oct 5, 2012
10/12
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thought the top guy in philadelphia today and he thought the people are already decided and saying the economy is getting better because they already felt they made the decision so they had to say yes things are getting better and i have to tell you i don't think that is true. i think that there is enough in the middle to change their minds now. and i do belief that people are looking for a new path. i used the example of a wagon train going over a tough mountain in the back of the old days of the west and we are trudging up the side of the mountain economically and not really making much progress, with her the mud and winter is coming and the guy come along and i know a path, i know a pass wwe can go through, i have been through there and know this territory and i live out, there follow me, and the only thing missing now to that for us to follow that guy romney for him to lay out a map, he doesn't done that yet. if he says this is how we will do it, is cut these deductions and name them for you and we will do this and going to get that tax cut and encourage small business and we are going to
thought the top guy in philadelphia today and he thought the people are already decided and saying the economy is getting better because they already felt they made the decision so they had to say yes things are getting better and i have to tell you i don't think that is true. i think that there is enough in the middle to change their minds now. and i do belief that people are looking for a new path. i used the example of a wagon train going over a tough mountain in the back of the old days of...
WHUT (Howard University Television)
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we very much still have a crisis in our economy. one out of two americans are in poverty or living at a low income and headed towards poverty. about 25 million people are either jobless or working in jobs that do not pay living wages. there are millions of people who lost their homes, approximately 8 million. there is no end in sight to the foreclosure crisis. we have an entire generation of students who are effectively indentured servants, who are trapped in a forgiving loans and do not have the jobs to pay them back -- and for giving loans and do not have the jobs to pay them back. we very much need new solutions. what we hear from both barack obama and mitt romney are essentially a rehash of where we have been not only for the past four years, but certainly for the eight years before that. we're hearing more about deregulating business and wall street, as if we did not having a problem from that already. we're hearing more about tax breaks for the wealthy, and we've seen tax breaks continue over the past many decades across all s
we very much still have a crisis in our economy. one out of two americans are in poverty or living at a low income and headed towards poverty. about 25 million people are either jobless or working in jobs that do not pay living wages. there are millions of people who lost their homes, approximately 8 million. there is no end in sight to the foreclosure crisis. we have an entire generation of students who are effectively indentured servants, who are trapped in a forgiving loans and do not have...
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Oct 3, 2012
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and that was about the economy. and that's what people were feeling and hurting. >> when we talk about the fact you were the last female journalist to have access to a presidential debate like this and would you remind everybody that gwen eiffel moderated the '04 debate, an honor, but not a game changer, but you did write a piece -- we have candy crowley, who has the duties for one of these debates. you say don't forget, you will be treated differently because you are a woman. how is it different for women or minority moderators, when it comes to those tough questions on a woman's right to choose. is there an extra cautious line women need to take in asking that? >> she's not going to have the chance. that's what i'm upset about. candy is going to have the same format that i had, which is the town hall format. that's questions from the audience. questions from the voters. it's not questions from the moderator. she will hold the microphone for the other people the way i did. and she won't get to ask her own questions
and that was about the economy. and that's what people were feeling and hurting. >> when we talk about the fact you were the last female journalist to have access to a presidential debate like this and would you remind everybody that gwen eiffel moderated the '04 debate, an honor, but not a game changer, but you did write a piece -- we have candy crowley, who has the duties for one of these debates. you say don't forget, you will be treated differently because you are a woman. how is it...
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policies are working, that his agenda is finally getting traction in the economy. here's what the president had to say. >> there are too many middle class families that are still struggling to pay the bills. they were struggling long before the crisis hit. but today's news certainly is not an excuse to try and talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> that was friday right after the jobs numbers came out. i'll point out two meaningful things about those jobs numbers. one, you recall when his stimulus plan came out somebody in his administration said with the stimulus plan. it was never a promise, a projection. symbolically it's meaningful this is now below 8%. also now it's fallen for the first time not because fewer people are looking for jobs. actually, the number of people looking for jobs rose slightly. so it's two pieces of good news for the obama campaign in a weak they really needed something. >> the bad news was the president's own performance in the debate. i'm told the pr
policies are working, that his agenda is finally getting traction in the economy. here's what the president had to say. >> there are too many middle class families that are still struggling to pay the bills. they were struggling long before the crisis hit. but today's news certainly is not an excuse to try and talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> that was friday right after the jobs numbers...
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there's a lot of issues for the economy of the president to have on his mind. he can't just campaign and debate prep. he's the president of the united states. he has to weigh things on his mind. who knows what's on his mind at that particular point in time. i don't want to make excuses for him but to suggest he's lazy. president obama does more before 6:00 a.m. than john sununu will do in a month. he's the president of the united states and he has a lot of work to do -- >> professor, i think most people would agree that the president does more in his sleep than john sununu. karen finney, what was underneath this, referring to the president as lazy and a pizza boy? >> well, this is what we have seen time and again from the conservatives in terms of the lack of respect for this president. they have really demeaned the office of the presidency. you had a prominent conservative writer earlier this week essentially say the only reason, the only excuse possible as to why barack obama could be ahead in the polls is because he's black. i mean, this -- you also had john
there's a lot of issues for the economy of the president to have on his mind. he can't just campaign and debate prep. he's the president of the united states. he has to weigh things on his mind. who knows what's on his mind at that particular point in time. i don't want to make excuses for him but to suggest he's lazy. president obama does more before 6:00 a.m. than john sununu will do in a month. he's the president of the united states and he has a lot of work to do -- >> professor, i...
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you should not raise taxes when the economy is in trouble. our economy is in more trouble today. the growth rate last week was a pathetic at 1. 2%. >> very much for your time tonight. >> thank you. >> we finally get to the issue that rich people need the money because they create the jobs. i want to bring in ed and al and steve and chris back into this discussion. i want to bring back chris matthews in denver in terms of hearing the republican spin on this. seeing what seems to be real democratic frustration on this. we're hearing already in terms of the different responses. the romney side is proclaiming victory. the obama campaign does not seem to be doing that. chris? >> when you read "the new york times" tomorrow, you'll see a side bar, strong night for romney. i think it's an objective -- it may be theater, but this is a major campaign event of the entire cycle. maybe the major campaign event treated as a lesson in information or education. it was a campaign event and both sides went at it to win and one side won. i go back to a couple of points. romney was able to get away
you should not raise taxes when the economy is in trouble. our economy is in more trouble today. the growth rate last week was a pathetic at 1. 2%. >> very much for your time tonight. >> thank you. >> we finally get to the issue that rich people need the money because they create the jobs. i want to bring in ed and al and steve and chris back into this discussion. i want to bring back chris matthews in denver in terms of hearing the republican spin on this. seeing what seems...
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. >> i really think it should be a good addition in this economy. >> the wal-mart's neighborhood markets have a full line of groceries, meat and dairy products and fresh, local produce, all at discount prices. >>> a lot of people take them but a new report warns that dozens of weight loss and dietary supplements do not deliver the results they promise. cbs news medical correspondent dr. don on the report to watch out for. >> reporter: some are labeled that they treat a disease. and that's illegal. this label is legal because it claims to boost the immune system and support overall health but it does not say it treats a specific disease. this label for a product containing algae and a herb called heal all is illegal, because it claims to treat herpes and the flu. >> this report raises questions about the extent to which these claims are truthful and not misleading, because the fda doesn't have the ability to look at the substantiation behind the claims, so there's really no way for them or consumers to know whether or not the claims are truthful. >> reporter: the fda has only limited powe
. >> i really think it should be a good addition in this economy. >> the wal-mart's neighborhood markets have a full line of groceries, meat and dairy products and fresh, local produce, all at discount prices. >>> a lot of people take them but a new report warns that dozens of weight loss and dietary supplements do not deliver the results they promise. cbs news medical correspondent dr. don on the report to watch out for. >> reporter: some are labeled that they treat...
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we grow our economy not from the top-down but from the middle-out. we don't believe that anybody's entitled to success in this country but we do believe in something called opportunity. we believe in a country where hard work pays off and where responsibility's rewarded and everybody's getting a fair shot and everybody's doing their fair share and everybody plays by the same rules. that's the country we believe in. that's what i'm fighting for. that's why i'm running for a second term for president of the united states. and that's why i want your vote. >> that was president obama? sloanes lake park outside denver, colorado. governor rendell there are not a few people on the democratic side of the aisle that wish that you could have transposed the president obama we just saw on to the president obama we saw last night. >> interestingly, president obama said that wasn't really mitt romney that debated last because totally different positions. well, that really couldn't have been president obama on that stage last night because this is the president oba
we grow our economy not from the top-down but from the middle-out. we don't believe that anybody's entitled to success in this country but we do believe in something called opportunity. we believe in a country where hard work pays off and where responsibility's rewarded and everybody's getting a fair shot and everybody's doing their fair share and everybody plays by the same rules. that's the country we believe in. that's what i'm fighting for. that's why i'm running for a second term for...
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the 873,000 jobs in the household survey is the strongest economy since 1983. i don't think you can find an economist, there were 25 of them this morning that predicted 8.1% to 8.2%, but they did predict 114,000 jobs. we got 114,000 jobs, and somehow the assumptions ended up at 7.8%. >> well, let me get back to your tweet this morning. it must be embarrassing for you to do a tweet now after the power you used to have. i mean, tweeting doesn't seem like something i'd hear from jack welch, and i mean it. here you put out the word, unbelievable jobs number, fair enough. these chicago guys will do anything so they changed the numbers. what evidence do you have that they got to the bls? >> i have no -- >> that the chicago guys got to the bureau of labor statistics and jimmied these numbers by 0.3%. >> i have no evidence to prove that. i just raise the question. >> you didn't raise the question. you said these chicago guys will do anything so they changed the number. you were asserting here in your tweet that you put out at 8:35 this morning, five minutes after the r
the 873,000 jobs in the household survey is the strongest economy since 1983. i don't think you can find an economist, there were 25 of them this morning that predicted 8.1% to 8.2%, but they did predict 114,000 jobs. we got 114,000 jobs, and somehow the assumptions ended up at 7.8%. >> well, let me get back to your tweet this morning. it must be embarrassing for you to do a tweet now after the power you used to have. i mean, tweeting doesn't seem like something i'd hear from jack welch,...
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we are still on the economy. we'll come back to taxes and move on to the deficit and a lot of other things, too. >> mr. president, you are absolutely right, with regard to 97% of business is not taxed at the 30 boppers in tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, it adds up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs. i don't want to cost jobs.+ my priority is jobs. what i'd do is bring down the tax rate, lower deductions and exemptions, the same idea behind bowles-simpson, by the way. get the breaks down, lower deductions and exemptions, to create more jobs. there is nothing better for+ getting us to a balanced budget
we are still on the economy. we'll come back to taxes and move on to the deficit and a lot of other things, too. >> mr. president, you are absolutely right, with regard to 97% of business is not taxed at the 30 boppers in tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income...
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the segments will include three on the economy, one on health care, one on governing, one on the role of government, and here is how it's going to work. moderator jim lehrer will start each segment off by asking a question. he will give each candidate two minutes to answer the question, and then they'll use the remainder of the time to have a discussion about the topic at hand. so that's how it's going to work. of course, both of these candidates putting the final touches on their debate preparations. they're being incredibly tight-lipped, which, of course, is frustrating to those of us in the media about how exactly these debate preparations are going but both ann romney and first lady michelle obama will be there tomorrow night in denver. one more interesting note, martin, it is the first couple's 20th anniversary tomorrow night. they will be together, they will be together in denver, and they will have a proper celebration this weekend. >> wow. celebrating and working at the same time. nbc's kristin welker. thanks so much. we'll be right back. [ male announcer ] eligible for medica
the segments will include three on the economy, one on health care, one on governing, one on the role of government, and here is how it's going to work. moderator jim lehrer will start each segment off by asking a question. he will give each candidate two minutes to answer the question, and then they'll use the remainder of the time to have a discussion about the topic at hand. so that's how it's going to work. of course, both of these candidates putting the final touches on their debate...
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. >> who has the right fuel to boost the economy? dr. yurgin weighs in next. hit hard by the recession, but an organization is helping the returning heros find work. we'll hear from the war fighters foundation later. also, will a t-mobile and pcs merger give our carriers a run for the money? we'll find out what it means for your bottom line. we're on the case next on "the willis report."♪ ♪ ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. you see us, at the start of the day.nge, on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around th
. >> who has the right fuel to boost the economy? dr. yurgin weighs in next. hit hard by the recession, but an organization is helping the returning heros find work. we'll hear from the war fighters foundation later. also, will a t-mobile and pcs merger give our carriers a run for the money? we'll find out what it means for your bottom line. we're on the case next on "the willis report."♪ ♪ ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or...
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that basically make his case for what he's doing with the economy. sure he says nice things about teachers and some other stuff. infrastructure in a vague way but there was no boom, boom, boom. romney had that five-point plan to start with. it was effective. and then another five points. >> the preparation wasn't good enough. it wasn't that they didn't practice enough they didn't have a strategy for the debate. >> and they needed to execute -- >> all three of you one at a time. what do you think romney went in there to do tonight? what was his plan? >> his plan was to seem more moderate. to seem more specific. remember, he knew he'd be under attack for not being specific enough. and be being kind of wonky, he kind of blunted that attack of the president. and he also needed to seem confident and presidential and he achieved that. obama did not achieve his objectives. >> what was romney's plan. >> i saw a human side. for the first time i saw a human side. he came out of the gate, i knew this woman. this is her story. we haven't seen this. >> for a guy
that basically make his case for what he's doing with the economy. sure he says nice things about teachers and some other stuff. infrastructure in a vague way but there was no boom, boom, boom. romney had that five-point plan to start with. it was effective. and then another five points. >> the preparation wasn't good enough. it wasn't that they didn't practice enough they didn't have a strategy for the debate. >> and they needed to execute -- >> all three of you one at a...
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the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses said your plan will ket kill 700,000 jobs. i don't want to kill jobs in this environment. let me make one more point -- >> jim: let's let him answer the tacks thing for a moment. >> okay. >> well, we have had -- >> jim: about the idea in order to reduce the deficit, there has to be revenue in addition to cuts. >> governor romney has ruled out revenue -- [overlapping dialogue] >> the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people m
the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses said your plan will ket...
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. >> the economy created 5 billion -- million jobs in the past few years. is that true? >> i do not know. these numbers are so squishy. it is not 100% clear to me who is right about jobs. what i know is when they were saying on friday morning when they release those numbers, that for the first time, more people who were out of the work force were getting jobs. that is news. >> it is also important to keep in mind who had been hard hit by the economy. largely younger americans, african-americans, or hispanics. those who are either not going to vote or are supporting president obama. so i think you have got a pool of swing voters out there who are actually doing better right now in this economy than many people. >> let us talk about entitlements. >> if you are 60 or older, you do not need to listen any further. but for younger people, we need to talk about what changes will be occurring. >> if you are 54 or 55, you may want to listen. this will affect you. >> this was the debate over congressman ryan's plan to turn medicare into a voucher program. when it comes to social s
. >> the economy created 5 billion -- million jobs in the past few years. is that true? >> i do not know. these numbers are so squishy. it is not 100% clear to me who is right about jobs. what i know is when they were saying on friday morning when they release those numbers, that for the first time, more people who were out of the work force were getting jobs. that is news. >> it is also important to keep in mind who had been hard hit by the economy. largely younger americans,...
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a big part of his record handling the economy is here. now denver will decide if he gets another four years. he leaned on bill clinton to make the case this is no way he could have turned this around in four years. >> the economy is not fixed. i am telling you, nobody could have fixed this much damage in four years. the president's mock plan is better in the short run, the long run and a vision where all of us in this together is better than you be often your own. there is no on your own country in the world succeeding like those who have a good "we are all in this together" strategy. >>reporter: the order of questions is decided. the president gets the first. the problem with the argument that former president clinton made in 2009 president obama said if he didn't turn this around in 3 or 3 1/2 years it would be a one-term proposition. something governor romney will point out. >> the governor aides say -- the obama camp will focus on the economy, taxes and the deficit and will hit romney hard on the idea that bill clinton has been making
a big part of his record handling the economy is here. now denver will decide if he gets another four years. he leaned on bill clinton to make the case this is no way he could have turned this around in four years. >> the economy is not fixed. i am telling you, nobody could have fixed this much damage in four years. the president's mock plan is better in the short run, the long run and a vision where all of us in this together is better than you be often your own. there is no on your own...